Revolve Group, Inc. (NYSE:RVLV) Receives $29.33 Average Price Target from Analysts

Revolve Group, Inc. (NYSE:RVLV) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $29.3333.

A number of analysts recently issued reports on the company. UBS Group cut their price objective on Revolve Group from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. BTIG Research restated a “buy” rating and set a $35.00 target price on shares of Revolve Group in a report on Wednesday, May 6th. Raymond James Financial set a $28.00 target price on Revolve Group in a report on Wednesday, May 6th. KeyCorp lowered their target price on Revolve Group from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, Piper Sandler lowered their target price on Revolve Group from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th.

Revolve Group Trading Up 4.2%

Shares of NYSE:RVLV opened at $23.75 on Thursday. The business has a 50-day moving average price of $21.52 and a 200 day moving average price of $24.82. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.56 and a beta of 1.67. Revolve Group has a 12-month low of $17.35 and a 12-month high of $31.68.

Revolve Group (NYSE:RVLV) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $342.88 million during the quarter, compared to the consensus estimate of $328.84 million. Revolve Group had a return on equity of 12.17% and a net margin of 5.05%.The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS. As a group, equities research analysts predict that Revolve Group will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Mente sold 60,923 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $26.43, for a total transaction of $1,610,194.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 135,213 shares of company stock worth $3,555,075. Company insiders own 42.67% of the company’s stock.

Hedge Funds Weigh In On Revolve Group

A number of hedge funds and other institutional investors have recently bought and sold shares of RVLV. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Revolve Group in the 4th quarter valued at about $59,421,000. Cooper Creek Partners Management LLC purchased a new position in shares of Revolve Group in the 3rd quarter valued at about $22,164,000. Balyasny Asset Management L.P. boosted its stake in shares of Revolve Group by 830.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,009,877 shares of the company’s stock valued at $20,248,000 after buying an additional 901,396 shares during the period. Marshall Wace LLP boosted its stake in shares of Revolve Group by 89.3% in the 3rd quarter. Marshall Wace LLP now owns 1,031,294 shares of the company’s stock valued at $21,967,000 after buying an additional 486,616 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Revolve Group by 9.2% in the 4th quarter. Vanguard Group Inc. now owns 4,299,273 shares of the company’s stock valued at $129,795,000 after buying an additional 360,598 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

Revolve Group Company Profile

Revolve Group, Inc operates as a leading online fashion retailer primarily serving millennial and Gen Z consumers through its flagship e-commerce platform. The company offers a curated assortment of apparel, accessories and beauty products from more than 500 established and emerging brands, alongside private label labels covering contemporary and premium segments. With a focus on trend-driven merchandise and seamless user experience, the website features shoppable editorial content and digital styling advice aimed at strengthening customer engagement and brand loyalty.

Founded in 2003 and headquartered in Cerritos, California, Revolve has expanded its footprint beyond North America by launching localized sites and logistics centers in Europe and the Middle East.